Senators Propose Bipartisan Global Warming Bill

11:09 AM MDT | August 7, 2007 | Kara Sissell

A bipartisan cap-and-trade bill to curb global warming has gained support from some industry and labor groups, but environmental groups have criticized several key aspects of the legislation. Senators Jeff Bingaman (D., NM) and Arlen Specter (R., PA) have introduced the measure, which would require regulated facilities to reduce greenhouse gas (GHG) emissions to 2006 levels by 2020, and to 1990 levels by 2030. The bill would also limit the amount of carbon dioxide (CO2) each facility could emit annually, and companies would have to purchase emission credits if...